In 2022, the number of consumer mortgage loans originated by DFPI licensees was down a shocking 70% from the prior year.
As consumer mortgage complaints jump — originations plummet
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Creating Carryback Financing
Secure the most efficient structuring for a seller’s extension of credit to a real estate buyer, every time. Stay current on the latest news, videos, forms, and updates for Creating Carryback Financing.
Recent updates to the course e-book
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Newly published related content
Tightened mortgage standards lock out mid- to high-tier homebuyers, sellers
Mortgage loan availability fell in July 2023 to its lowest level in a decade for non-qualified mortgages (QMs).
2023’s real estate market trends influence all participants; Monthly Statistical Update (September 2023)
2023’s downturn still undeclared; Despite year-over improvement, buyer purchasing power remains low; Saving rates creep higher as consumers rein in spending
Today’s homeowners are stuck on yesterday’s rates
Sticky homeowners are unwilling to relieve the inventory shortage in 2023.
The news media has the wrong take on mortgage rates
Media pundits in their coverage of today’s high mortgage interest rates ignore the 60-year cycle of rising and falling mortgage rates and the seller’s pricing response to rising and falling rates.
Community bankers agree: the recession is here
An overwhelming 95% of community bankers say the economy is already in a recession as of Q2 2023.
Mortgage Concepts: Lender ECOA disclosures of action taken, Part 2
Part 2 explains ECOA-mandated disclosures advising the borrower of the action the lender has taken on the borrower’s mortgage application.
Mortgage Concepts: Lender ECOA disclosures of action taken, Part 1
This video covers the disclosures advising the borrower of the action the lender has taken on the borrower’s mortgage application.
Form-of-the-Week: Preliminary Proposal and Exchange Agreement — Forms 170 and 171
An agent uses RPI Forms 170 and 171 to propose an exchange of properties to another agent and to negotiate the exchange of properties.
